Went through the process of house hunting/buying

[ckmk47]

I'm closing on a house next week. The interest rate we locked in is 4.5% Our mortgage to income ratio is 50%. My mother in law would be willing to cosign if it would bring down the rate. Is there any way to bring down the interest rate or is it too late?

Any help would be appreciated. TIA

Ask your mortgage broker!
Remember how long it took to gather all your paperwork and get approved?  A co-signer also needs paperwork and approval.
How much will the rate go down with a cosigner?  Will it save you enough money that it's worth delaying the closing?

[mgarfin]

I'm closing on a house next week. The interest rate we locked in is 4.5% Our mortgage to income ratio is 50%. My mother in law would be willing to cosign if it would bring down the rate. Is there any way to bring down the interest rate or is it too late?

Any help would be appreciated. TIA

If you need to close by next week you don't have enough time to try a different broker.
But as the broker to show you the closing costs if you would to take PAR rate. Also, you can buy down the rate with points. you will have to calculate the savings on the cost. It will also depend on how long you plan to hold the current loan (selling or refinancing).

[yomo]

Any Mortgage Broker recommendations?

[oiseli48]

Any Mortgage Broker recommendations?

I used Meir Stern/ SD Funding, very good experience

[noturbizniss]

I'm closing on a house next week. The interest rate we locked in is 4.5% Our mortgage to income ratio is 50%. My mother in law would be willing to cosign if it would bring down the rate. Is there any way to bring down the interest rate or is it too late?

Any help would be appreciated. TIA

Was ur rate so high because ur mortgage to income ratio is so high? When did u lock in?

[bubkiz]

Any recommendations for financing several single family investment homes preferably in a LLC?

(Properties are in OH)

[good sam]

Anyone know a broker who sells Statefarm insurance?

[popcorn1508]

anyone have any feedback on Funding Resources Mortgage Corp ?

[yr]

I used them . Was very happy. Good and  professional.

[good sam]

Recommendation for movers in Monsey?

[real-brisker]

Any recommendation for good home inspector in monsey?

[jackofall]

I'm closing on a house next week. The interest rate we locked in is 4.5% Our mortgage to income ratio is 50%. My mother in law would be willing to cosign if it would bring down the rate. Is there any way to bring down the interest rate or is it too late?

Any help would be appreciated. TIA

How did you get a mortgage with such a high debt to income ratio. I was under the impression that it is federally capped at the high 30s.

[Yammer]

Recommendation for movers in Monsey?

Shulgasser

973-352-7880

[Yammer]

How did you get a mortgage with such a high debt to income ratio. I was under the impression that it is federally capped at the high 30s.

I was told up to 45% can work sometimes

[Bentzy]

Any recommendation for good home inspector in monsey?

I used Abe Kurek and was happy with him. Contact info below.

Abe Kurek
Home Inspection Services
845-821-4063
Fax: 845-708-5016

[whacked1]

Any recommendation for good home inspector in monsey?

Stuart Shraeger
8456340584
8453234537

[real-brisker]

Anyone have experience with Goldman?

[coralsnake]

How did you get a mortgage with such a high debt to income ratio. I was under the impression that it is federally capped at the high 30s.

False.
Just like the federal law that doesn't allow buying a GC with a CC.

I was told up to 45% can work sometimes

55%+ is doable too under the right circumstances.

The question the buyer/homeowner should be asking themselves is even if they're approved can they really afford the payments.

[yoruel]

Recommendation for movers in Monsey?

Marvin. From Victoria garden. PM for his #

[good sam]

Marvin. From Victoria garden. PM for his #

I heard he's unprofessional, no moving equipment, damages furniture, etc. True?